Xerox CEO's $3.6 Million Sale

Ursula Burns sold 300,000 shares of the document and business-services firm.

Five Xerox insiders including the top executive copied each other's behavior and sold 745,100 shares for $8,950,919, an average of $12.01 each, from April 29 through May 1. Executives sold on the open market and through options exercises.

Chief Executive and Chairman Ursula M. Burns sold 300,000 Xerox (ticker: XRX) shares for $3,599,790. She now directly holds 1,002,886 shares, a stake of less than 1% in the maker of office machines....